Privacy Policy

Your privacy is important to us. This policy explains how Paxful collects, uses, and protects your personal information.

Last Updated: October 15, 2023

This Privacy Policy describes how Paxful Inc. and its affiliates ("Paxful," "we," "us," or "our") collect, use, and share your personal information when you use our services.

1. Information We Collect

Personal Information You Provide

When you create an account or use our services, we collect:

  • Identity Information: Name, date of birth, government-issued identification
  • Contact Information: Email address, phone number, physical address
  • Financial Information: Bank account details, payment card information, transaction history
  • Verification Information: Photos, video recordings for identity verification

Information Collected Automatically

When you use our services, we automatically collect:

  • Device Information: IP address, browser type, operating system
  • Usage Data: Pages visited, features used, time spent on platform
  • Transaction Information: Trading activity, wallet addresses, transaction amounts

Information from Third Parties

We may receive information about you from:

  • Identity verification services
  • Financial institutions and payment processors
  • Credit bureaus and fraud prevention agencies
  • Publicly available sources

2. How We Use Your Information

We use your personal information for the following purposes:

Purpose Legal Basis
To provide and maintain our services Performance of contract
To verify your identity and prevent fraud Legal obligation and legitimate interest
To process transactions and send notifications Performance of contract
To communicate with you about our services Legitimate interest
To improve our services and develop new features Legitimate interest
To comply with legal and regulatory requirements Legal obligation

3. How We Share Your Information

We may share your information with:

Service Providers

We engage third-party companies to perform services on our behalf, such as:

  • Identity verification services
  • Payment processors and financial institutions
  • Cloud storage and infrastructure providers
  • Customer support platforms

Legal and Regulatory Requirements

We may disclose your information when required by law or to:

  • Comply with legal processes or governmental requests
  • Protect our rights, privacy, safety, or property
  • Enforce our terms of service
  • Prevent fraud or other illegal activities

Business Transfers

In connection with a merger, acquisition, or sale of assets, your information may be transferred to the new entity.

4. Data Security

We implement appropriate technical and organizational measures to protect your personal information, including:

  • Encryption of data in transit and at rest
  • Access controls and authentication mechanisms
  • Regular security assessments and penetration testing
  • Employee training on data protection
  • Secure development practices

While we strive to protect your information, no method of transmission over the Internet or electronic storage is 100% secure.

5. Data Retention

We retain your personal information for as long as necessary to fulfill the purposes outlined in this policy, unless a longer retention period is required or permitted by law.

Our retention periods are based on:

  • The length of time we need to provide our services to you
  • Legal and regulatory requirements
  • Statutes of limitations for potential legal claims
  • Business needs and operational requirements

Typically, we retain account information for 5 years after account closure to comply with financial regulations.

6. Your Rights and Choices

Depending on your location, you may have the following rights regarding your personal information:

  • Access: You can request a copy of the personal information we hold about you.
  • Correction: You can request that we correct inaccurate or incomplete information.
  • Deletion: You can request that we delete your personal information in certain circumstances.
  • Restriction: You can request that we limit how we use your personal information.
  • Portability: You can request a copy of your information in a machine-readable format.
  • Objection: You can object to certain processing activities.

To exercise these rights, please contact us using the information in the "Contact Us" section.

7. Cookies and Tracking Technologies

We use cookies and similar technologies to:

  • Authenticate you when you log in to our services
  • Remember your preferences and settings
  • Analyze how you use our services
  • Personalize your experience
  • Deliver targeted advertisements

You can control cookies through your browser settings. However, disabling cookies may limit your ability to use certain features of our services.

8. International Data Transfers

As a global company, we may transfer your personal information to countries outside your country of residence, including to the United States and other jurisdictions where our service providers operate.

When we transfer your information internationally, we ensure appropriate safeguards are in place, such as:

  • Standard contractual clauses approved by relevant authorities
  • Binding corporate rules
  • Certifications under privacy frameworks like the EU-U.S. Privacy Shield

9. Children's Privacy

Our services are not directed to individuals under the age of 18, and we do not knowingly collect personal information from children.

If we become aware that we have collected personal information from a child without parental consent, we will take steps to delete that information.

10. Changes to This Policy

We may update this Privacy Policy from time to time to reflect changes in our practices, technology, legal requirements, or other factors.

When we make changes, we will update the "Last Updated" date at the top of this policy. If we make material changes, we will provide notice through our services or by other means.

We encourage you to review this policy periodically to stay informed about how we protect your information.

11. Contact Us

If you have any questions or concerns about this Privacy Policy or our data practices, please contact us:

  • Email: privacy@paxful.com
  • Address: Paxful Inc., 3423 Piedmont Road NE, Atlanta, GA 30305, United States
  • Data Protection Officer: dpo@paxful.com

If you are located in the European Economic Area, you have the right to lodge a complaint with a supervisory authority if you believe our processing of your personal information violates applicable law.

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